Dow Posts Biggest Gain Since Election

11/16/2012 4:53PM

Stocks posted their biggest daily gain since the U.S. presidential election, after lawmakers said budget talks with the White House were "constructive." Jonathan Cheng has details on The News Hub. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... dateline was a costly looking ally shell that they caught that ... it's been quite a lot like that that brand in them in the morning of most of the morning and then suddenly turns around as ... we can use that to congressional leaders might be coming to close close ... to a deal in this I think ... with that with the Nasdaq that absolutely stunning around and the US and pay ... and hit explain what's been going on ... Jonathan Cheng of the Wall Street John Jonathan one point eight ... that's right what is right when ... we just heard from Daniel one of the Navy will some kind of like concrete was just my friends this ... what your member for much of this year we seen the exact thing happened except these leaders when you're a fan of the time based on something and it looks like they were coming closer to some sort of agreement ... you see Stocks coffin now one now we have our own domestic version of that ... and of the aisle of the great parallel and maybe it means is that this is the weight stocks continuing over the next few weeks because ... until we have something signed in ... real agreement ... on paper can be what you can see is you can see investors try to get ahead of either ... the failure to strike a deal more ... the deal so I was getting this was a time a tad optimistic that are going up that much to stop and basically on some smiley faces ... we could see the move initially many could see some doubt ... read in the afternoon analysts with a Michael made it in the DNA came back up again so ... look I think investors are of two minds right now there's a clear debate going on ... aam and I know that anybody's convinced either way because if we were really convinced that this is gonna happen ... stocks on him to stop the forty points and with a gun ... and with a lot like Iraq in what way out because there remain some seventy then and the rise of the cliff ... interesting stuff well ... we'll see what happens that and Dom and its fan base a risk on every solo twenty stops it let's write out what to get me to keep in mind we've slid a lot since the election and this is ... a tiny sliver of what we've lost so we have to prevent a